Andy Hornby

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Most of Britain’s banks report their annual results this week in probably the most frenzied atmosphere since the financial crisis. Bank shares have plunged as investors have fretted about their financial strength, prompting Deutsche Bank and Credit Suisse to go public with reassuring comments.

Andy Hornby, the former boss of failed bank HBOS, will secure a senior role in the gambling business formed from the merger of Ladbrokes and Gala Coral, putting pressure on City regulators to publish a long-awaited report on his role in the mortgage lender’s implosion.

The main City regulators have warned former managers of HBOS that they faced possible fines and being banned from the Square Mile after they broadened their investigation into one of Britain's most infamous bank failures.

Three former directors of HBOS could be banned from serving as company directors after business secretary Vince Cable asked civil servants to consider whether those responsible for the bank's collapse in 2008 deserve to be disqualified.

Two former chief executives of HBOS, the bank rescued by Lloyds in 2008, have admitted that "stress tests" carried out by the company before its near collapse failed to identify the risks being taken in its corporate division.

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Most of Britain’s banks report their annual results this week in probably the most frenzied atmosphere since the financial crisis. Bank shares have plunged as investors have fretted about their financial strength, prompting Deutsche Bank and Credit Suisse to go public with reassuring comments.